It is by far the most popular forex trading platform in the industry and is used by FXCM, Alpari, InterbankFX, Forex.com and many other top forex brokers. The list is endless due to its portability and multi-account trading from desktop to hand phone. The software is easy to install and connects to your trading account quickly. The MT4 platform comes with customizable screens and windows. It has an easy-to-access buy and sell order form and comes with 50+ built in indicators.
The most important feature is the automated language MQL4 that comes with it, enables traders to formulate their strategies in programs and thus make automated trading for them. The trading platform comes with in-depth support and platform for novice and experienced trader who want to automate your winning strategy and get passive income.You can also avail the advatage of MT4 for Forex Trading Platform via best trading brokers in South Africa.
TradeStation software is very popular among experienced traders as compared to MT4 which is more commercially popular for every day household traders. This software comes with built in indicator and customizable screen and windows. Also able to multi trade different accounts and program comes with EA to add to your trading account.
This is another software trading platform that allows multi-currency trading and comes with built in charting indicators. Fully customizable and comes with NinjaScript to automate your trading strategy. Comes with a simulator to test your strategy using historical results. There are also a number of forums, websites with technical support and information that contribute to this trading platform.
Another new version MT5 is coming and improves the execution speed and overall experience better than MT4. I personally like to use MT4 and love the feel of this platform. You can try another platform to see if it suits your trading experience. Last and most important to know is your Forex Broker, does it provide this platform for you?